Cathie Wood Sold $13.5 Million in Coinbase Shares During Bull Run
Cathie Wood, the brain behind asset management firm ARK Invest, offloaded an impressive $13.5 million worth of Coinbase shares during Tuesday's trading session, but don't jump to conclusions just yet. Contrary to what you might be thinking, this isn't a regular occurrence – at least not in 2023. Now, let's bust some common myths. Despite rumors floating around, there's no solid proof that Cathie Wood sold substantial amounts of Coinbase shares this year.
Now, let's delve into 2025 – a year full of developments for Coinbase. With Bitcoin's price soaring above $90,000, the fundamentals for COIN were looking gleaming. This alignment, coinciding with Ark's continuous accumulation, led to a massive $13.4 million investment in Coinbase shares across ARKK, ARKW, and ARKF on April 4 alone. Later, an additional $13.2 million was poured in on April 7, pushing the total investment to a staggering $26.6 million in just a week. Intriguing, isn't it? By April 4, Coinbase had climbed up to become the second-largest holding in the ARKF fund, accounting for about 9.4% of the fund.
So, to sum this up, while Cathie Wood sold some Coinbase shares in 2025, she was actually on a buying spree. The significant surge in Bitcoin and the growing institutional adoption trends in the crypto market pushed her to double down on her Coinbase investment. And no, she didn't sell all her Bitcoin ETF (ARKB) in 2025. Instead, she unloaded $12 million worth of it on April 7 but maintained her BTC exposure through COIN and other holdings. So, there you go – that's the real deal!
- Cathie Wood, despite selling $13.5 million worth of Coinbase shares in 2023, didn't sell substantial amounts of Coinbase shares that year, contradicting rumors.
- In 2025, Cathie Wood made a massive $26.6 million investment in Coinbase shares across ARKK, ARKW, and ARKF, with Coinbase becoming the second-largest holding in the ARKF fund.
- Contrary to selling all her Bitcoin ETF (ARKB) in 2025, Cathie Wood only unloaded $12 million worth of it on April 7, maintaining her BTC exposure through COIN and other holdings.
- The innovation in cryptocurrency and finance, along with the growing institutional adoption trends, pushed Cathie Wood to double down on her Coinbase investment in 2025.
- In the realm of technology and business, Cathie Wood's moves with Coinbase and Bitcoin ETF serve as a testament to her strategic approach to investment, especially in the crypto market.
